ONE Aviation’s $5.25 Million Sale to AML Global Approved

AML Global Eclipse LLC, an aviation fuel company, will acquire nearly all of bankrupt jet manufacturer ONE Aviation Corp.'s assets for $5.25 million after a court overruled objections to the sale.

AML Global, a Delaware corporation backed by British businessman Christopher C.S. Harborne, will also assume about $1 million worth of contracts and liabilities, ONE Aviation’s attorney Todd M. Schwartz of Paul Hastings LLP said at a Friday hearing in the U.S. Bankruptcy Court for the District of Delaware.

The sale order, approved by Judge Christopher S. Sontchi, will go into effect Nov. 27, to allow the sale to close ...